The Puerto Rico Financial Oversight and Management Board

The Puerto Rico Financial Oversight and Management Board is a federal agency created in 2016 to help the island manage its debt and restore fiscal stability. It oversees budget plans, approves financial decisions, and monitors reforms to ensure Puerto Rico can meet its financial obligations. Its goal is to bring transparency, accountability, and long-term economic stability, balancing the needs of residents, creditors, and the government, while respecting local autonomy within the context of federal oversight.